Toshiba to brief on Westinghouse impairment charges on Friday
November 26, 2015 6:20 am
Japanese company Toshiba Corp is briefing analysts on impairment changes at its U.S. nuclear power unit Westinghouse.
Toshiba said both Chief Executive Masashi Muromachi and Westinghouse chief Danny Roderick will attend the briefing.
Toshiba reported this month that Westinghouse had booked charges of $930 million in fiscal 2012 and $390 million in fiscal 2013 as the Fukushima disaster reduced demand for new nuclear power plants.
That increased analysts’ speculation that assets and goodwill value related to Toshiba’s 87% stake in the nuclear unit has been inflated.
The material has been provided by InstaForex Company – www.instaforex.com
Japanese company Toshiba Corp is briefing analysts on impairment changes at its U.S. nuclear power unit Westinghouse.
Toshiba said both Chief Executive Masashi Muromachi and Westinghouse chief Danny Roderick will attend the briefing.
Toshiba reported this month that Westinghouse had booked charges of $930 million in fiscal 2012 and $390 million in fiscal 2013 as the Fukushima disaster reduced demand for new nuclear power plants.
That increased analysts’ speculation that assets and goodwill value related to Toshiba’s 87% stake in the nuclear unit has been inflated.
The material has been provided by InstaForex Company – www.instaforex.com
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